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Last Updated: Aug-26-2008
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Oil and Development in Saudia Arabia

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  • 5 electric cars you can buy now
  • World's largest Islamic reinsurance company set up in Dubai
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  • Developers of a 1,680-foot skyscraper still under construction in oil-rich Dubai claimed that it has become the world`s tallest building, surpassing Taiwan`s Taipei 101 which has dominated the global skyline at 1,667 feet since 2004. (July 22)
  • The tower under construction in Dubai reaches 141 storeys to scoop the title. The Burj Dubai attained its record status on Saturday as the structure passed the 512-metre mark, knocking Taiwan`s Taipei 101 into second place.
  • A Vancouver man who advised Afghan farmers on how to give up growing opium poppy crops was sentenced Tuesday to four years in prison in the United Arab Emirates for drug possession and smuggling.
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    WIKIPEDIA TOPIC PAGE
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    Saudi Aramco From Wikipedia, the free encyclopedia Saudi Arabian Oil Company Type Government-owned corporation of the Kingdom of Saudi Arabia Founded 1933 Headquarters

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    Dhahran, Saudi Arabia Key people Abdullah S. Jum'ah: President, CEO Ali I. Al-Naimi: Minister of Petroleum Industry Oil & Gas Products Hydrocarbons: crude oil, natural gas, and petroleum products. Oilfield services: oil exploring, producing, manufacturing, marketing, and shipping Revenue Undisclosed to public Employees 51,356 (2006) [1] Website www.saudiaramco.com Saudi Aramco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production [2]. Headquartered in Dhahran, Saudi Arabia, Saudi Aramco also operates the world's largest single hydrocarbon network, the Master Gas System. It was formerly known as just Aramco between the years of 1933-1988, an acronym for Arabian American Oil Company. As of end 2006, its yearly production of only crude oil neared 3.4 billion barrels (540,000,000 m?) and it managed over 100 oil and gas fields in Saudi Arabia alone totaling at least 264 billion barrels (42,000,000,000 m?) of oil reserves and 253 quadrillion scf of gas reserves[3][4]. Among those fields fully owned by the company are the Ghawar Field, the world's largest field overall; the Safaniya Field, also the world's largest offshore; and the Shaybah Field, one of the world's largest of its kind[5].

     

       
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